Specific Period of Time Coverage

/Specific Period of Time Coverage
Specific Period of Time Coverage 2017-09-05T15:19:38+00:00

Protect the life you’ve built
with Specific Period of Time Coverage

As you’re working toward your goals, life insurance can help keep the dream going for your loved ones. If you’re starting a business, buying a house, or plan to send your children to college, Specific Period of Time Coverage may be right for you. 

Specific Period of Time Coverage Product Details

Product Name: Level Term Series
Coverage Type: Term Insurance
• Coverage Periods Available: 10, 15, 20, and 30 years
Issue Ages:
– 20-70 (10 year term)
– 20-65 (15 year term)
– 20-60 (20 year term)
– 20-55 (30 year term)
•  Minimum Coverage Amount: $50,000

Advantages 
• Premium payments remain level.
• Coverage amount remains level (i.e. it won’t decrease over time).
• Death benefit is given to beneficiaries free from federal income tax.
• Renewable & Convertible – This plan can be renewed on an annual basis after the initial period of coverage ends. You also have the ability to convert this plan into a lifetime coverage (whole life) plan.

Add-ons  (Riders)
• Children’s Term Coverage provides coverage through age 23 for children who are between the ages of 0-18 at issue. They will have the right to convert to a whole life policy on their 23rd birthday. 
Accidental Death Coverage provides an additional amount of coverage if the person covered by the policy dies in an accident.

Waiver of Premium provides coverage that will waive premiums in the event the insured becomes totally disabled.

The information presented herein is not a complete description of Federal Life’s products. For more information, including whether or not a product is approved for sale in your state, please contact a Federal Life representative.

Want to learn more?
Contact our Concierge Team

Phone: (800) 233-3750
ext. 295

Fax: (847) 520-7651

myshield@federallife.com

Email the Concierge Team

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